Mike Alkin: The Ultimate Uranium Crash Course

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Jun 16, 2023

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Mike Alkin

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ANECDOTE

Mike Alkin's Uranium Journey

Mike Alkin began his investment career focused on short selling by deeply analyzing company fundamentals and conducting field research.
He retired in 2015 but then deeply studied uranium from 2015, turning skepticism into opportunity during a bear market.

INSIGHT

Nuclear Demand Growth Insight

Nuclear power is not dying globally despite Western decline; growth is strong in the East, especially China.
Even draconian demand assumptions showed growth, contradicting prevalent negative Western narratives.

INSIGHT

Uranium Supply Cost Disconnect

The uranium spot price was far below the average mine cost, creating an untenable supply-demand disconnect.
Over half of global uranium production couldn't profit at prevailing prices, enforcing inevitable supply cuts.

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Hey guys! I'm stoked to have Mike Alkin on the podcast this week. Mike runs Sachem Cove Capital, a private investment fund. Mike is known as the "Uranium Guy" on Twitter and this week he provides the Ultimate Uranium Crash Course. It's everything you need to get up to speed on the Uranium Bull Thesis.

We discuss supply/demand drivers, how to build demand and supply models, forecasting potential uranium prices, and how to structure a trade based on the underlying macro/fundamental thesis.

I know you'll love this episode.

If you enjoy it, check out Mike on Twitter @Footnotesfirst.

Check out the time-stamp here:

[0:00] Who is Mike Alking?
[2:00] The Uranium Industry
[20:00] The supply and Demand Model
[30:00] Decorbanization
[43:00] The best risk reward in the Uranium Value Chain
[1:00:00] Input Cost Inflation
[1:15:00] The Uranium Bear Case
[1:26:00] More from Mike Alkin and Closing Questions

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